Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

1,434
Posts
677
Votes
Jason Malabute
  • Accountant
  • Los Angeles, CA
677
Votes |
1,434
Posts

practice makes perfect

Jason Malabute
  • Accountant
  • Los Angeles, CA
Posted

So Brandon recommends that we practice evaluating one deal per day so when it gets closer to making a purchase you will be more comfortable evaluating purchase. I will not make a purchase until first quarter 2019.

I'm still in market research stage. I haven't narrowed it down to one market yet. Therefore, I am not too familiar with the "numbers" (ARV, rehab cost, and closing cost etc) of a market yet. I dont bug a Real estate agent too much when I haven't determined a market yet.

How do I make sure Im practicing evaluating practice deals correctly ? How do I know my ARV, rehab cost, and closing cost (etc.) are at least reasonable? Because I can make up a rehab cost and ARV but what is the point of doing that?

Loading replies...